Question: With great power, I have a big responsibility. But what if you have the authority to secure strict corporate governance, bend the rules to achieve personal goals, or return the friends' favor in conflict with the company's happiness?
if,[executive] Executive director, who is in charge of the audit committee of listed companies, is known to behave according to personal goals rather than corporate profits, but is there a process that uses the authority mistakenly? You can reduce the items displayed.
Do you have red flags where such acts are made public?
Answer:
Nonprofit executives (as well as corporate officers) are often put in a dangerous position by abusing and exploiting authorities that could have a profound impact on the organization. This type of behavior should not be tolerated. Here are some solutions to the problems you mentioned.
1. First, the executive director should not serve as the chairperson of the committee unless he is actually taking office as a director (as a director). All non-profit board committees require at least one member of the board for the committee. Other people who are members other than the Board of Directors can participate in the committee. However, the Chairman appoints the Board members to lead the Board members.
2. The nonprofit should have several policies and procedures that explain what measures should be taken to accuse fraud in the organization (if your organization has an internal whistle-blowing system Confirm whether or not it is). Confirm the detailed rules of the organization ... This can be accessed directly from the organization or accessed via the State Council underlying the agency. Here's how to determine if a behavior exceeds a line:
* The director has obligation of loyalty. This requires that officers / directors act in good faith, not allowing individual interests to win the interests of the organization. Is this a violation? If so, this is a red flag.
* Directors have obligation to obey. As a result, directors and officers need to be diligent and cautious about managing the organization's operations.
* Directors need attention. This prohibits management from acting outside the scope of the company's authority.
3. Finally, do not forget that decision on governance will not be made at committee level. The committee submits a report, executive summary, or recommendation to the Board of Directors and makes decisions on appropriate actions. If you find that an abused person has not been dealt with yet, there are the following steps to consider.
* Report complaints to the attorney general of the state to which the organization belongs (or submitted as a nonprofit organization).
* If the problem is still not resolved, consider taking the problem on the press as a final tool.
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